Holt elected chairman of NBA Board of Governors

Long-time Spurs owner and CEO Peter Holt has been elected as chairman of the NBA Board of Governors, NBA commissioner David Stern announced Thursday.

Holt, who has served on the board for 16 seasons, replaces Minnesota Timberwolves owner Glen Taylor. Holt also serves on five of the board’s standing committees, including chair of the Labor Relations Committee.

“Peter Holt’s extensive board experience and committee leadership make him an ideal choice to succeed Glen,” Stern said via release. “I thank Glen for his dedicated service and commend the Board of Governors on its laudable selection of Peter as chairman.”

The Spurs have enjoyed significant success during Holt’s tenure, winning four championships and 50-plus games in 14 consecutive seasons.